Back in December, Slate Property Group bought the former Green Point Savings Bank at 856 Washington Avenue in Prospect Heights for $6,500,000. Now new building applications have been filed to erect a 14-story condo project on the site between Lincoln Place and Eastern Parkway.
Confusingly, the permits say the building will have 161,479 square feet of residential space but only 26 units. That square footage includes the two large, pre-war apartment buildings on either side, at 175 Eastern Parkway and 400 Lincoln Place. The filing includes their tax lots, because the developer is probably transferring air rights from both properties.
After we subtract their existing 116,000 square feet of apartments, we get the building’s real size: 45,399 square feet. The average apartment will measure a spacious 1,746 square feet.
There will be two apartments each on the first through 11th floors, except for the sixth floor, which will have three units. Then the top three stories will hold full-floor units. The penthouse will come with a private roof deck, and the rest of the residents will have access to a shared roof terrace.
The cellars will include a gym, community room, laundry and 13 bike storage spaces.
It’s unclear whether Slate plans to keep the site’s current occupant, a lovely, neoclassical bank building from the 1920s. No demolition permits have been filed for the six-story structure. Capital One was the most recent tenant, but it moved out last fall as a new branch opened at Franklin Avenue and Eastern Parkway.
The development benefits from relatively generous R8X zoning, but that same zoning doesn’t allow new commercial space. If Slate demolishes the Green Point Savings Bank, they won’t be able to replace the retail without a special variance from the city.
Tribeca-based Kutnicki Bernstein Architects applied for the permit.